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Markets :: Basic Chemicals :: Petrochemicals :: MTBE

Keyuan Petrochemicals Reports Higher Sales and Earnings

6:53 AM MDT | August 17, 2010 | Natasha Alperowicz

Keyuan Petrochemicals (Ningbo, China), an independent producer of petrochemicals established in 2007, reported a $4.9-million net income in the second quarter of this year and $10.7 million in the first half of 2010. The company, a producer of benzene, toluene and xylene as well as propylene, styrene, liquefied petroleum gas and methyl tert-butyl ether, started production in October 2009 at the Qingshi Chemical Park at Ningbo. Sales in the second quarter reached $132 million, 12% up on the first three months of 2010. Keyuan expects to generate revenues of...

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